GSAT

3:05p ET 9/14/2021 - MarketWatch

Globalstar's stock takes a dive after Apple didn't say its new iPhone supports satellite communications

Mentioned:

AAPL GSAT

Shares of Globalstar Inc. (GSAT) took an afternoon dive Tuesday, as investors expressed disappointment that Apple Inc. (AAPL) did not say its new iPhone 13s would support satellite communications. The mobile satellite services company's stock sank 19.4%, after being down 5.3% just before the start of Apple's iPhone 13 launch event. The stock had rocketed 64.3% on Aug. 30, after the reports surfaced that Apple would work with Globalstar as it added satellite communications to its next iPhone. The stock had climbed another 14.5% from Aug. 30 to the five-year closing high of $2.69 on Sept. 8, before pulling back. The stock has still rocketed 442.9% year to date, while the S&P 500 has advanced 18.3%. 

-Tomi Kilgore 

(END) Dow Jones Newswires

September 14, 2021 15:05 ET (19:05 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.

GSAT- One month progress related IPhone13 

Why Globalstar's Stock Is Trading Lower Today

byBenzinga Insights

May 7, 2021 1:10 pm

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Globalstar (AMEX:GSAT) shares are trading lower after the company reported Q1 sales of $26.93 million, down from $32.19 million.

Globalstar is currently down 6.92% to a price of $1.15. 

The stock's current volume for the day is 9.80 million, which is approximately 58.92% of its previous 30-day average volume of 16.63 million.

The moving average price of the stock over the past 50 days was $1.35 at the time this article was published. In the past fifty-two weeks, the stock price has been as high as $2.98 and as low as $0.28.

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